Story Highlights

• Hampshire had total property sales of £9.07 Billions in 2016
• The total number of properties sold in 2016 was 24,776 properties
• The average sales price in Hampshire was £366 K
• Across its districts average sales price was maximum for Winchester at £461 K
• New Property sales were 8.29% by value, where as Not New 91.71%
• Stamp duty hike caused monthly spike in March
• Brexit coupled with Stamp Duty Hike arrested the sharp growth in Hampshire Property Market in 2016, there was modest growth of 2.14 % over 2015

 

Hampshire is one of the counties of South East England. The districts of Hampshire are New Forest, Basingstoke and Deane, Winchester, East Hampshire, Test Valley, Fareham, Hart, Eastleigh, Rushmoor, Havant, Gosport

 

Total Sales By Districts

Hampshire had total property sales of £9.07 Billions, which was 14.65% of the total South East property Market in 2016

The split of the sales across the different districts was:

• New Forest £1.6 billions (17.78%)
• Basingstoke And Deane £1.1 billions (12.14%)
• Winchester £940 millions (10.37%)
• East Hampshire £868 millions (9.58%)
• Hart £817 millions (9.01%)
• Eastleigh £795 millions (8.77%)
• Test Valley £753 millions (8.31%)
• Havant £651 millions (7.18%)
• Fareham £649 millions (7.16%)
• Rushmoor £566 millions (6.25%)
• Gosport £312 millions (3.44%)

 Year on Year Comparison : Compared to Hampshire Property Market 2015 in 2016

• Districts with growth over 2015 are New Forest, Basingstoke and Deane, Hart, Eastleigh, Havant, Gosport
• Districts with decline over 2015 are Winchester, East Hampshire, Test Valley, Fareham, Rushmoor

 

 

Total Sales By Property Type

 

Hampshire had total property sales of £9.07 Billions. The split across the different property types are:

• Detached £3.6 Billions (40.07%)
• Terraced £1.7 Billions (19.12%)
• Semi-Detached £1.6 Billions (17.88%)
• Other £1.15 billions (12.67%)
• Flat/Maisonette £931 millions (10.27%)

  Year on Year Comparison : Compared to Hampshire Property Market 2015 in 2016

• All the property types sales have shown growth except Detached
• Other have shown significant growth of 37% over 2015

 

 

Month-wise Break-up of Total Sales

Some of the insights based on the £9.07 Billions month-wise break-down :

Stamp Duty Hike Impact

• March had property sale spike of £1.02 billions compared to £625 millions in Feb
• The impetus for it was to avoid the extra 3% in Stamp Duty Tax applicable on buying an additional home, being applicable from April 1 2016

Brexit Impact

• Brexit took place on 23rd June 2016.
• As can be observed from the month-wise break-up there does not seem to have been dip in property sales in the immediate aftermath of Brexit 
• Year on Year growth has been 2.14% 
• So Brexit and Stamp Duty changes have not had negative impact on Hampshire Property Market in 2016

 

 

Total No Of Properties Sold By Property Type

The total property sales of £9.07 Billions in 2016 was spread over 24,776 properties.

• Detached 7344 (29.64%)
• Terraced  6514 (26.29%)
• Semi-Detached 5226 (21.09%)
• Flat/Maisonette  4912 (19.83%)
• Others 780 (3.15%)

  Year on Year Comparison : Compared to Hampshire Property Market 2015 in 2016

• Total number of property sales in 2016 has decreased by  6.34%.
• All property types have shown decline in number of properties sold except property type Other.
• Other has shown significant increase  of 91% 

 

 

Average & Median Sales Price

 The average sales price in Hampshire was £366 K and for the different property types it was:

• Detached £495 K
• Semi-Detached £310 K
• Terraced £266 K
• Flat/Maisonette £190 K
• Other £1.47 million

Similarly median sales price in Hampshire was £283 K and for the different property types it was:

• Detached £428 K
• Semi-Detached £287 K
• Terraced £241 K
• Flat/Maisonette £175 K
• Other £325 K

  Year on Year Comparison : Compared to Hampshire Property Market 2015 in 2016

• The average and median property prices have gone up except for property type Other
• Other has had decline in average and median property price

 

 

Average & Median Sales Price By Districts

Across the Hampshire districts the average price is as above.

• Winchester £461 K
• New Forest £461 K
• Hart £449 K
• East Hampshire £403 K
• Basingstoke And Deane £359 K
• Rushmoor £345 K
• Test Valley £344 K
• EastLeigh £333 K
• Fareham £299 K
• Havant £286 K
• Gosport £204 K

Across the Hampshire districts the median price is as above.

• Hart £380 K
• Winchester £368 K
• East Hampshire £335 K
• New Forest £300 K
• Rushmoor £283 K
• Test Valley £280 K
• Basingstoke And Deane £276 K
• Fareham £260 K
• EastLeigh £258 K
• Havant £245 K
• Gosport £178 K

  Year on Year Comparison : Compared to Hampshire Property Market 2015 in 2016

• The average sales price across all the counties have gone up except for Rushmoor, Fareham
• The median sales price across all the counties have gone up 

 

 

New Vs Not New Property Statistics

By Sales Values the split is as follows:

• New Property contributed £751 millions (8.29%)
• Not New Property contributed £8.3 billions (91.71%)

By Total Number the split is as follows:

• New properties sold were 2,203 (8.89%)
• Not new property sold were 22,573 (91.11%)

  Year on Year Comparison : Compared to Hampshire Property Market 2015 in 2016

• New property market share by value has slightly gone down in 2016 over 2015

 All Hampshire Posts